Amman, June 1 (Petra) – Jordanian capital market institutions, in
cooperation with the Abu Dhabi Securities Exchange (ADX), on Monday
officially launched an electronic trading link between the Amman
Stock Exchange and ADX through the “Tabadul” platform, marking a
significant milestone in regional capital market integration.

Launched by the ADX in 2022, the Tabadul platform is designed to
facilitate cross-border market access and connectivity among
participating exchanges and brokerage firms. The platform enables
investors to access investment opportunities across member markets
within a unified regulatory and operational framework.

The Amman Stock Exchange and the Securities Depository Center signed
the electronic linkage agreement with the ADX on December 11, 2024,
in Abu Dhabi, paving the way for Jordan’s accession to the Tabadul
platform.

Current member exchanges include the Muscat Stock Exchange, Bahrain
Bourse, Astana International Exchange, Kazakhstan Stock Exchange,
Armenian Securities Exchange, Amman Stock Exchange, and Abu Dhabi
Securities Exchange.

The activation of the electronic link reflects the strategic
partnership between Jordan and the United Arab Emirates and aligns
with ongoing efforts to deepen regional financial market integration.
The initiative is expected to expand investor access, broaden the
investor base, and facilitate cross-border trading between the two
exchanges through licensed brokerage firms.

Chairperson of the the Jordan Securities Commission Imad Abu Haltam
described the launch as a strategic step toward greater integration
among Arab financial markets, noting that the project reflects the
directives of the two countries’ leaderships and the strength of
their economic and strategic ties.

He said the linkage is expected to enhance market liquidity, improve
operational efficiency, and create broader investment opportunities
for investors in both countries.

ADX Group Chief Executive Officer Abdulla Alnuaimi said the Tabadul
platform represents an advanced model for capital market integration,
enabling investors and brokerage firms to access participating
exchanges through a secure and technologically advanced trading
environment. He added that the platform strengthens the
competitiveness and attractiveness of regional financial markets.

Amman Stock Exchange Chief Executive Officer Mazen Wathaifi said the
activation of the electronic link forms part of the broader economic
cooperation framework between Jordan and the United Arab Emirates and
supports the Amman Stock Exchange’s strategic objectives of
increasing engagement with regional and international markets,
facilitating the exchange of expertise, and attracting Arab and
foreign investment flows.

He added that the launch coincides with a period of strong
performance by the Amman Stock Exchange, highlighted by record market
indicators and historic corporate profitability. He attributed this
performance to positive economic fundamentals, growing confidence in
Jordan’s investment environment, government reform and economic
stimulus measures, financial and monetary stability, and progress on
major development projects.

Securities Depository Center Executive Director Sarah Tarawneh
described the platform’s launch as a qualitative advancement in the
development of Arab capital market infrastructure and regional market
integration. She said the system provides investors with a seamless
framework for executing transactions across both markets, supported
by advanced clearing, settlement, and post-trade services that meet
the highest standards of accuracy, reliability, and security.

The ceremony featured a presentation on the Tabadul platform and its
operational framework, along with an introductory video highlighting
Jordanian capital market institutions and the ADX. The official
launch was marked by the ringing of the opening bell, signaling the
commencement of electronic connectivity between the Amman Stock
Exchange and the ADX. The first cross-market transaction was also
executed during the event.

//Petra// AJ